bi2 CHART OF THE DAY: Why The Financial Industry Still Has WAY More To Shrink
Joe Weisenthal and Kamelia Angelova – Clusterstock at Business Insider
CHART OF THE DAY: How ETFs Took The Gold Market Hostage And Won’t Let Go – Vincent Fernando, CFA and Kamelia Angelova – … While the chart isn’t complete proof, it is at least a strong indication that a substantial part of gold’s price rise since 2002 has been due to the birth of exchange traded funds and the new gold demand they created by letting anybody trade gold as easily as a stock … – Clusterstock at Business Insider
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Occidental Petroleum’s Path to Easy Oil – Christopher Helman – Occidental Petroleum’s California gusher shows that the U.S. might have more oil left than ever thought possible. - Forbes
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Moody’s Caves In to Political Pressure on Municipal Bonds – Posted by Mark A. Calabria – Moody’s has announced that it will change its methods for rating debt issued by state and local governments. Politicians have argued that its current ratings ignore the historically low default rate of municipal bonds … Regardless of how say California-issued debt has performed in the past, does anyone doubt that California, or many other municipalities, are in fiscal straights right now? … – Cato@Liberty
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Who Is Buying Treasuries? – By Bud Conrad, Chief Economist – Casey Research
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Money-Fund Assets Fall Under $3 Trillion – By SAM MAMUDI – First Time Below the Mark Since ‘07 – Wall Street Journal Investing